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Consider the following diagram. Note that Q is measured in 1,000s. With free trade, the total value of imports would equal Question 24 options: $200,000

Consider the following diagram. Note that Q is measured in 1,000s.

With free trade, the totalvalueof imports would equal

Question 24 options:

$200,000

$5000,000

cannot be calculated without further information.

$100,000

P S $20 $15 Pworld + Tariff $10 P world D 10 15 20 25 30

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